SINGAPORE: Maybank, Asean’s fourth largest banking group by assets, launched its regional cash management system (RCMS) to tap into Asia’s fast growing cash management market, which is projected to be worth over US$162bil by 2014.
The RCMS, delivered through its state-of-the-art web-based Maybank2E platform, will enable the bank to meet the increasingly regional transactional needs of the global banking clients in all 10 Asean countries as well as in China and Hong Kong.The new system was introduced at a media conference held yesterday by Maybank deputy president and head, global wholesale banking (GWD) Abdul Farid Alias together with Maybank Singapore Head, GWD, Lee Hong Khim and Maybank Singapore managing director, group transaction banking, John Wong.
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